Just out of curiosity, seeing as you're a PA man, would you recommend any submarkets in Philly or Pittsburgh.

I would dig deeper into your policy before hiring a PA.

So I made a mistake with a PA on a duplex that needs rehab and misunderstood how much time I had for due diligence.

I find it annoying that we have to file a PA tax return on the income. 

I am putting in a PA for my first flip and using personal finacing and hard money to get it done. 

I found property this spring but it was taken off the market because there were APA restrictions (upstate NY) that prevented a septic from going in because a stream is located on the property.

Hey Patrick, hopefully we get a PA lawyer or CPA to chime in.

I was ready to take the plunge a couple of years ago, but ultimately decided to head back to grad school, which delayed my real estate ambitions.I currently live in Los Angeles, but am a PA guy at heart with close ties to both Philly and Pittsburgh and visit frequently. 

In order to get the seller the price needed we are attempting a structure below...any help-advice or recommendations greatly appreciated as I already have a partner to guarantee loan and need to keep moving forward and get a PA signed.Using round numbers for ease:Agreed upon purhcase price $100,000Bank finances 80% (takes first position) at $80,000Seller carries back 20% takes 2nd position ($20,000) on single pay note due no later than 5 years after close, so no debt service on the carryback to include (verified with a couple banks I have called)The seller would forgive the 20% carryback debt after loan close, which would make the 100% finance.After consulting with accountant, forgiving the debt would mean I would need to pay tax on the forgiven amount and the seller would need to go through various steps to evidence I was not able to pay the debt...filings, recordings, judgements.Myself and the guarantor would put down a 6 month reserve account and pay closing costs with cash. 

src=/program_...So the easiest path in Philadelphia to become a 203K consultant is to be a PA-registered home improvement contractor for three years.